Deferred Pay Draws Fed's Scrutiny

Rules Under Consideration Would Increase Bank Disclosures, Give Investors More Data on Expenses

By

Aaron Lucchetti and

Michael Rapoport

Feb. 14, 2013 9:44 p.m. ET

U.S. banks and securities firms would have to step up their compensation disclosures under rules being considered by the Federal Reserve, said a person familiar with the central bank's regulatory efforts.

The rules are in the formative stages and wouldn't take effect for some time. But an early draft has circulated internally at the Fed, this person said, marking a step on the path toward a public proposal.